Intercontinental Exchange Inc (NYSE:ICE) General Counsel Johnathan H. Short sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, July 9th. The stock was sold at an average price of $74.50, for a total value of $447,000.00. The sale was disclosed in a filing with the SEC, which is available through this link.
Johnathan H. Short also recently made the following trade(s):
- On Wednesday, May 16th, Johnathan H. Short sold 6,000 shares of Intercontinental Exchange stock. The stock was sold at an average price of $71.67, for a total value of $430,020.00.
Shares of Intercontinental Exchange traded up $0.20, reaching $74.64, during trading hours on Wednesday, according to Marketbeat Ratings. The stock had a trading volume of 1,328,591 shares, compared to its average volume of 2,602,384. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $43.20 billion, a price-to-earnings ratio of 25.26, a PEG ratio of 2.02 and a beta of 0.64. Intercontinental Exchange Inc has a 52-week low of $63.22 and a 52-week high of $76.69.
Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, May 3rd. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.02. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.22 billion. Intercontinental Exchange had a return on equity of 11.14% and a net margin of 41.65%. Intercontinental Exchange’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.74 earnings per share. analysts forecast that Intercontinental Exchange Inc will post 3.54 earnings per share for the current year.
Several brokerages have weighed in on ICE. Zacks Investment Research cut Intercontinental Exchange from a “buy” rating to a “hold” rating in a research note on Wednesday. Wells Fargo & Co reissued a “market perform” rating and set a $80.00 price objective (up from $74.00) on shares of Intercontinental Exchange in a research note on Monday. Compass Point began coverage on Intercontinental Exchange in a research note on Friday, June 22nd. They set a “buy” rating and a $85.00 price objective on the stock. ValuEngine cut Intercontinental Exchange from a “buy” rating to a “hold” rating in a research note on Saturday, June 16th. Finally, JPMorgan Chase & Co. set a $83.00 price objective on Intercontinental Exchange and gave the stock a “buy” rating in a research note on Wednesday, May 2nd. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $79.53.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bishop Rock Capital L.P. boosted its holdings in shares of Intercontinental Exchange by 16.1% in the first quarter. Bishop Rock Capital L.P. now owns 71,792 shares of the financial services provider’s stock valued at $5,206,000 after purchasing an additional 9,981 shares during the period. Lake Street Advisors Group LLC purchased a new stake in shares of Intercontinental Exchange in the fourth quarter valued at approximately $236,000. Chemical Bank boosted its holdings in shares of Intercontinental Exchange by 10.5% in the fourth quarter. Chemical Bank now owns 24,546 shares of the financial services provider’s stock valued at $1,732,000 after purchasing an additional 2,341 shares during the period. Jump Trading LLC boosted its holdings in shares of Intercontinental Exchange by 200.5% in the fourth quarter. Jump Trading LLC now owns 46,702 shares of the financial services provider’s stock valued at $3,295,000 after purchasing an additional 31,159 shares during the period. Finally, LPL Financial LLC boosted its holdings in shares of Intercontinental Exchange by 29.7% in the fourth quarter. LPL Financial LLC now owns 107,236 shares of the financial services provider’s stock valued at $7,567,000 after purchasing an additional 24,573 shares during the period. Hedge funds and other institutional investors own 88.75% of the company’s stock.
Intercontinental Exchange Company Profile
Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for financial and commodity markets in the United States, the United Kingdom, Continental Europe, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings. The company operates marketplaces for listing, trading, and clearing an array of derivatives and securities contracts across various asset classes, including energy and agricultural commodities, interest rates, equities, equity and credit derivatives, exchange traded funds, bonds, and currencies.
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